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Reply to "If you bought 2005-2007 and got hit, tell me your story, location and age"
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[quote=Anonymous]It really is about good timing, huh? We bought our current house at the end of the time when the foreclosures and short sales were clearing the market (2011). We saw a lot of those. Wound up buying a regular sale in need of updates. Got about halfway through what we planned to do when we basically ran out of extra money. Then the pandemic happened and rates hit rock bottom and we refinanced in order to finish. We were definitely lucky to be able to do so. That said, we can’t move up anytime soon because we can’t afford an even larger mortgage. I think we’ll stay where we are until our second graduates HS and then cash out[/quote]
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